Kenya's BitPesa Raises $1.1M in 2nd round funding led by San Francisco-based Pantera Capital

BitPesa, the Nairobi-based startup that’s taken aim at the global remittance business, announced that it’s raised $1.1 million in a second round of funding led by San Francisco-based Pantera Capital. Dan Morehead, Pantera’s CEO and founder, joined the startup’s board of directors.

Other investors included Crypto Currency Partners, Stephens Investment Management, Bitcoin Opportunity Corp., and Future/Perfect Ventures. The company, which recently celebrated its one-year anniversary, has raised a total of $1.7 million.

Read more: BitBeat: Kenya’s BitPesa Raises $1.1 Million, Expands Operations – MoneyBeat – WSJ.